Loan Calculator
Here you can calculate the estimated payment per month for our loan options.
Please note: This is for reference only and is not a final calculation
Disclaimer
Calculation is based on the above assumptions.
OBS: This is for reference only and is not a final calculation
Compare loan options
Loan has to be between 1.000.000  65.000.000
Loan terms must be between 5  40 years
Nonindexed loan
Nonindexed loan
Nonindexed loan does not change in relations to the Consumer Price Index for indexation, and therefor are higher than the indexed ones.
{{ data0  currency }} kr
/month

Mixed loan
Mixed loan
For mixed loans you can choose the distribution between indexed and nonindexed loans.
{{ data2  currency }} kr
/month

Indexed loan
Indexed loan
Indexed loan change in relation to the Consumer Price Index. Which leads to a slower asset formation since the principal will change according to inflation.
{{ data4  currency }} kr
/month



Nonindexed  Nonindexed  Indexed  Indexed  
Interests
Vextir
VIndexed loans with fixed interest rates carry the same interest rate throughout the loan period. On the other hand, in indexed loans with variable interest rates, interest rates can change according to the SL Board's decision. Nonindexed loans have variable interest rates, but those are fixed for 24 months at a time. 




Loan amount  {{ data6  currency }}  {{ data8  currency }}  {{ data9  currency }}  {{ data10  currency }} 
Mortgage rate
Mortgage rate
A mortgage on a property can be a maximum of 75% of the recent purchase price or registered real estate valuation and less than 100% of the assessed value for fire insurance together with the land assessment. However, indexed loans cannot be higher than 65% of the purchase price or real estate valuation of a property, while nonindexed loans can be up to 75% of the purchase price or real estate valuation of a property. 
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Loan terms
Loan terms
The loan term can be between 5 years and 40 years. 
y

y

y

y

Annual percentage of costs
Annual percentage of costs
Measures the total cost of borrowing. The percentage number measures costs of interest plus other costs of borrowing on an annual basis. 
{{ data76  rounddown}} %  {{ data78  rounddown}} %  {{ data79  rounddown}} %  {{ data80  rounddown}} % 
Payment options
Payment options:
Equal payments: Installment and interest are the same throughout the loan period. At the beginning of the loan term, asset formation is low because the interest rate is higher. In the case of an indexed loan, indexation is added. Equal installments: The installment is always the same throughout the loan period and interest is added. The total payment is therefore the highest at the beginning, but decreases throughout the loan period. The asset formation is the same throughout the loan period. In the case of an indexed loan, indexation is added. 




Estimate inflation*
Áætluð verðbólga
(1) Average inflation the last 12 months 
%

%


Payment and notification fee
Payment and notification fee
ISK 350 for each due date. You can request to have the payment slip sent home, at an additional cost. 
{{data64  currency}}  {{data66  currency}}  {{data67  currency}}  {{data68  currency}} 
Payment per month
Payment per month
Monthly loan repayment. This refers to payment number 2 in the payment plan. 
{{ data70  currency }}  {{ data72  currency }}  {{ data73  currency }}  {{ data74  currency }} 
Borrowing fee
Borrowing fee
Borrowing fee is deducted from the loan disbursement payment. 
{{ data82  currency }}  {{ data84  currency }}  {{ data85  currency }}  {{ data86  currency }} 
Registration fee
Registration fee
A registration fee is paid by the borrower to the District Commissioner. It is not deducted from the loan disbursement. 
{{ data88  currency }}  {{ data90  currency }}  {{ data91  currency }}  {{ data92  currency }} 
Indexation
Indexation
Inflation increases the principal of index linked loans, and the increase is paid on the due dates that remain to be paid on the loan. In theory, the borrower „borrows“ the inflation. It should be borne in mind that the interest is calculated on top of the index valueadjusted principal. The calculation of indexation is based on the Consumer Price Index. 
{{ data94  currency }}  {{ data96  currency }}  {{ data97  currency }}  {{ data98  currency }} 
Total cost  {{ data100  currency }}  {{ data102  currency }}  {{ data103  currency }}  {{ data104  currency }} 
Loan amount after costs  {{ data106  currency }}  {{ data107  currency }}  {{ data107  currency }}  {{ data108  currency }} 
Nonindexed
Nonindexed loan
Nonindexed loan
{{ data0  currency }} kr
/month



Vextir
Interest rate
Indexed loans with fixed interest rates carry the same interest rate throughout the loan period. On the other hand, in indexed loans with variable interest rates, interest rates can change according to the SL Board's decision. Nonindexed loans have variable interest rates, but those are fixed for 24 months at a time. 

Upphæð láns  {{ data6  currency }} 
Mortgage rate
Mortgage rate
A mortgage on a property can be a maximum of 75% of the recent purchase price or registered real estate valuation and less than 100% of the assessed value for fire insurance together with the land assessment. However, indexed loans cannot be higher than 65% of the purchase price or real estate valuation of a property, while nonindexed loans can be up to 75% of the purchase price or real estate valuation of a property. 
{{ data58  prosenta}} % 
Loan terms
Loan terms
The loan term can be between 5 years and 40 years. 
years

Annual percentage of costs
Annual percentage of costs
Measures the total cost of borrowing. The percentage number measures costs of interest plus other costs of borrowing on an annual basis. 
{{ data76  rounddown}} % 
Payment options
Payment options
Equal payments: Installment and interest are the same throughout the loan period. At the beginning of the loan term, asset formation is low because the interest rate is higher. In the case of an indexed loan, indexation is added. Equal installments: The installment is always the same throughout the loan period and interest is added. The total payment is therefore the highest at the beginning, but decreases throughout the loan period. The asset formation is the same throughout the loan period. In the case of an indexed loan, indexation is added. 

Payment and notification fee  {{data64  currency }} 
Payment per month  {{ data70  currency }} 
Borrowing fee
Borrowing fee
Borrowing fee
Borrowing fee is deducted from the loan disbursement payment. 
{{ data82  currency }} 
Registration fee  {{ data88  currency }} 
Indexation  {{ data94  currency }} 
Total cost  {{ data100  currency }} 
Loan amount after fees  {{ data106  currency }} 
Payment plan  NonIndexed laon
Payment no.  Date  Remainder  Payment  Interest  Indexation  Fees  Total paid  

Show all payments  {{index + 1}}  {{item.Gjalddagi  date}}  {{item.Eftirstodvar  currency}}  {{item.Afborgun  currency}}  {{item.Vextir  currency}}  {{item.Verdbaetur + item.VerdbaeturVxt  currency}}  {{item.Greidslugjald  currency}}  {{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald  currency}} 
Mixed loan
{{ data2  currency }} kr
/month



NonIndexed  Indexed  
Interest
Interest
Indexed loans with fixed interest rates carry the same interest rate throughout the loan period. On the other hand, in indexed loans with variable interest rates, interest rates can change according to the SL Board's decision. Nonindexed loans have variable interest rates, but those are fixed for 24 months at a time. 


Loan amount  {{ data8  currency }}  {{ data9  currency }} 
Mortgage rate
Mortgage rate
A mortgage on a property can be a maximum of 75% of the recent purchase price or registered real estate valuation and less than 100% of the assessed value for fire insurance together with the land assessment. However, indexed loans cannot be higher than 65% of the purchase price or real estate valuation of a property, while nonindexed loans can be up to 75% of the purchase price or real estate valuation of a property. 


Loan terms
Loan terms
The loan term can be between 5 years and 40 years. 
year

year

Annual percentage of costs
Annual percentage of costs
Measures the total cost of borrowing. The percentage number measures costs of interest plus other costs of borrowing on an annual basis. 
{{ data78  rounddown }} %  {{ data79  rounddown }} % 
Greiðslumáti
Payment options
Equal payments: Installment and interest are the same throughout the loan period. At the beginning of the loan term, asset formation is low because the interest rate is higher. In the case of an indexed loan, indexation is added. JEqual installments: The installment is always the same throughout the loan period and interest is added. The total payment is therefore the highest at the beginning, but decreases throughout the loan period. The asset formation is the same throughout the loan period. In the case of an indexed loan, indexation is added. 


Estimated inflation*
Estimated inflation
Average inflation for the last 12 months and 10 years are marked as "12 mo.*" og "10 y*" 
%


Payment and notification fee  {{data66  currency}}  {{data67  currency}} 
Payment per month
Payment per month
Monthly loan repayment. This refers to payment number 2 in the payment plan. 
{{ data72  currency }}  {{ data73  currency }} 
Borrowing fee
Borrowing fee
Borrowing fee is deducted from the loan disbursement payment. 
{{ data84  currency }}  {{ data85  currency }} 
Registration fee  {{ data90  currency }}  {{ data91  currency }} 
Indexation  {{ data96  currency }}  {{ data97  currency }} 
Total fees  {{ data102  currency }}  {{ data103  currency }} 
Loan after fees  {{ data107  currency }}  {{ data107  currency }} 
Payment plan  NonIndexed (Mixed)
Payment no.  Date  Remainder  Payment  Interest  Indexation  Fees  Total paid  

Show all payments  {{index + 1}}  {{item.Gjalddagi  date}}  {{item.Eftirstodvar  currency}}  {{item.Afborgun  currency}}  {{item.Vextir  currency}}  {{item.Verdbaetur + item.VerdbaeturVxt  currency}}  {{item.Greidslugjald  currency}}  {{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald  currency}} 
Payment plan  Indexed loan(Mixed)
Payment no.  Date  Remainder  Payment  Interest  Indexation  Fees  Total paid  

Show all payments  {{index + 1}}  {{item.Gjalddagi  date}}  {{item.Eftirstodvar  currency}}  {{item.Afborgun  currency}}  {{item.Vextir  currency}}  {{item.Verdbaetur + item.VerdbaeturVxt  currency}}  {{item.Greidslugjald  currency}}  {{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald  currency}} 
Indexed loan
Indexed loan
Indexed loan
{{ data4  currency }} kr
/month



Interests
Interests
Indexed loans with fixed interest rates carry the same interest rate throughout the loan period. On the other hand, in indexed loans with variable interest rates, interest rates can change according to the SL Board's decision. Nonindexed loans have variable interest rates, but those are fixed for 24 months at a time. 

Loan amount  {{ data10  currency }} 
Mortgage rate
Mortgage rate
A mortgage on a property can be a maximum of 75% of the recent purchase price or registered real estate valuation and less than 100% of the assessed value for fire insurance together with the land assessment. However, indexed loans cannot be higher than 65% of the purchase price or real estate valuation of a property, while nonindexed loans can be up to 75% of the purchase price or real estate valuation of a property. 
{{ data62  prosenta }} % 
Loan terms
Loan terms
The loan terms can be between 5 and 40 years 
years

Annual percentage of costs
Annual percentage of costs
Measures the total cost of borrowing. The percentage number measures costs of interest plus other costs of borrowing on an annual basis. 
{{ data80  rounddown }} % 
Payment options
Payment options
Equal payments: Installment and interest are the same throughout the loan period. At the beginning of the loan term, asset formation is low because the interest rate is higher. In the case of an indexed loan, indexation is added. Equal installments: The installment is always the same throughout the loan period and interest is added. The total payment is therefore the highest at the beginning, but decreases throughout the loan period. The asset formation is the same throughout the loan period. In the case of an indexed loan, indexation is added. 

Estimated inflation*
Estimated inflation
Average inflation for the last 12 months and 10 years are marked as "12 mo.*" og "10 y*" 
%

Payment and notification fee  {{data68  currency}} 
Payment per month
Payment per month
Monthly loan repayment. This refers to payment number 2 in the payment plan. 
{{ data74  currency }} 
Borrowing fee
Borrowing fee
Borrowing fee is deducted from the loan disbursement payment. 
{{ data86  currency }} 
Registration fee  {{ data92  currency }} 
Indexation  {{ data98  currency }} 
Total fees  {{ data104  currency }} 
Loan after fees  {{ data108  currency }} 
Payment plan  Indexed loan
Payment no.  Date  Remainder  Payment  Interest  Indexation  Fees  Total paid  

Show all payments  {{index + 1}}  {{item.Gjalddagi  date}}  {{item.Eftirstodvar  currency}}  {{item.Afborgun  currency}}  {{item.Vextir  currency}}  {{item.Verdbaetur + item.VerdbaeturVxt  currency}}  {{item.Greidslugjald  currency}}  {{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald  currency}} 
Payment plan  Nonindexed loan
Payment no.  Date  Remainder  Payment  Interest  Indexation  Fees  Total paid  

Show all payments  {{index + 1}}  {{item.Gjalddagi  date}}  {{item.Eftirstodvar  currency}}  {{item.Afborgun  currency}}  {{item.Vextir  currency}}  {{item.Verdbaetur + item.VerdbaeturVxt  currency}}  {{item.Greidslugjald  currency}}  {{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald  currency}} 
Payment plan  Nonindexed loan (Mixed)
Payment no.  Date  Remainder  Payment  Interest  Indexation  Fees  Total paid  

View all payments  {{index + 1}}  {{item.Gjalddagi  date}}  {{item.Eftirstodvar  currency}}  {{item.Afborgun  currency}}  {{item.Vextir  currency}}  {{item.Verdbaetur + item.VerdbaeturVxt  currency}}  {{item.Greidslugjald  currency}}  {{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald  currency}} 
Payment plan  Indexed loan(Mixed)
Payment no.  Date  Remainder  Payment  Interest  Indexation  Fees  Total paid  

Show all payments  {{index + 1}}  {{item.Gjalddagi  date}}  {{item.Eftirstodvar  currency}}  {{item.Afborgun  currency}}  {{item.Vextir  currency}}  {{item.Verdbaetur + item.VerdbaeturVxt  currency}}  {{item.Greidslugjald  currency}}  {{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald  currency}} 
Payment plan  Indexed loan
Payment no.  Date  Remainder  Payment  Interest  Indexation  Fees  Total paid  

Show all payments  {{index + 1}}  {{item.Gjalddagi  date}}  {{item.Eftirstodvar  currency}}  {{item.Afborgun  currency}}  {{item.Vextir  currency}}  {{item.Verdbaetur + item.VerdbaeturVxt  currency}}  {{item.Greidslugjald  currency}}  {{item.Afborgun + item.Verdbaetur + item.VerdbaeturVxt + item.Vextir + item.Greidslugjald  currency}} 